Tips During the Mortgage Process

Do:

• Ask questions and be informed
   
• Provide copies of all documentation when requested
   
• Continue to make all payments on credit cards, loans, and rental or mortgage accounts as agreed
   
• Provide a copy of your pre-approval letter and your Mortgage Loan Officer’s contact information to your realtor, if you’re purchasing
   
• Obtain a legible and fully executed copy (signed by all parties) of your purchase contract
   
• Make a copy of your earnest money deposit check provided with your contract offer and provide evidence that it has been cashed/deposited
   
• Arrange for a homeowner’s insurance coverage binder on your home

Don't:

• Apply for new credit cards, auto or personal loans, or have new credit inquiries in your credit bureau file during the course of your loan process and closing
   
• Make any large unverifiable and undocumented deposits or withdrawals to your checking or savings accounts
   
• Change your employment 
   
• Withhold payments to accounts to be paid off in closing without first discussing with your Mortgage Loan Officer

And most of all, don’t hesitate to contact Bangor Savings Bank if you have any questions or concerns at all during the loan process.  We’re happy to help!